Hi Adam,
Poor old Dad!
Virtually any grinding wheel can be made good if it's still attached to the spindle and is not cracked. There is a lot of guff IMO about different types of wheel. In truth, apart from exotic steels, any wheel will do a decent job of sharpening. There are two key things you need to do.
1. Get a wheel dresser, the simple T shaped ones with diamond pad are the simplistic to use. Use one to re-dress the wheel and make it round and flat across. Plenty of uTube videos on how to do it. You must however start with a round, flag wheel. Dress the wheel regularly as any glazing will cause the tools to burn / over heat.
2. When sharpening tools, only very lightly touch the wheel with the tool, just use the tools weight and guide. Do not force. Quench very regularly. If your wheel is dressed and you do not press you will find that the grinding is quick, and the tool will not blue. When you get close to creating the edge, the weight of the tool may be too much and you need to quench more often. The metal becomes very thin and it's very easy to burn it.
Practice with a 10p car boot chisel. Once you have mastered it your be set for life.
If you want the best grinder IMO buy a Crussen. It has grey Alu Oxide wheels and is simply brilliant. I bought mine of eBay from Axi as a return for £50. Best grinder I've ever had. Get the 8" wheels if possible. They often come up on eBay for resonable prices.